REI INK

MRI Software Launches New Features for Real Estate Companies

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MRI Software has introduced new and updated features for its residential, commercial and financials solutions. The changes are designed to better equip MRI’s clients to navigate the challenges of the COVID-19 crisis. The enhancements will allow owners and operators of residential and commercial properties to adapt to changing behaviors and market conditions. “COVID-19, both the pandemic and the necessary response, slammed the brakes on the global economy. This rapid change

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Eastern Union Secures $15.5 Million in Acquisition Financing

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Eastern Union, a commercial real estate finance firm, has arranged $15.5 million in financing toward construction of a ground-up, 1,115-unit self-storage facility in Perth Amboy, New Jersey. The loan, which covers costs associated with both land acquisition and construction of a 130,000-square-foot building, was arranged by managing director David Merkin and underwriting director Barry Dollman. The deal closed on March 30 with lender Orix USA Corporation. The non-recourse loan was

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A&G Real Estate Partners Adds Structured Investment Sales Division

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A&G Real Estate Partners has launched a structured investment sales division. A four-person team, led by industry veteran Jeff Hubbard, brings to the new division more than 80 years of experience in structured turnkey dispositions of portfolios and individual properties across all asset classes. The team expands A&G’s in-house capabilities to include sealed bid and live auctions, portfolio sales, note sales and sale-leaseback transactions. It also broadens the range of

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Foreclosure Buyers Moving Online in Wake of COVID-19 Crisis

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COVID-10’s impact on real estate investing Auction.com’s recently released second quarter 2020 Foreclosure Buyer Insights report focuses on buyer outlook, sentiment and acquisition strategies in light of the COVID-19 pandemic and ensuing market turmoil. The data in the report comes from two surveys. One was conducted in February before national emergency declarations, and the second in April after the national emergency declarations. The surveys were sent to buyers who had

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Should I Allow Pets in My Rental Properties?

Pet-friendly rentals can mean more revenue, a larger pool of tenants and longer leases. Making the decision to invest in residential real estate is an excellent step in the right direction toward building wealth. While this is a wise choice, there are many things to consider to get the best return on your investment. Although many investors consider the obvious, such as where to market and whether to hire a

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Do Your Homework on Coinsurance

Coinsurance can be costly if you don’t understand the penalties. You’re a savvy investor. You make sound, confident decisions about the properties you’ve added to your portfolio. And your strategy has been successful. Yet even the most successful real estate investors can be snagged by the penalties associated with valuation and coinsurance, outlined in the fine print on your insurance policy. If you’re like most bullish investors, you’re probably heavily

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